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<h1>New Service Tax Valuation Rules: Unified Scheme for Works Contracts and Food Supply Services Under Rule 2A and Rule 2C.</h1> The valuation process for service tax under the new taxation regime based on a negative list. While the fundamental valuation approach remains unchanged, some modifications were made to align the valuation rules with the new system. Key changes include a unified scheme for works contract services under Rule 2A and a new Rule 2C for valuing services in food supply. The document details how to determine the value of taxable services, including services provided for monetary and non-monetary consideration, and addresses the inclusion or exclusion of costs in taxable value. It also discusses specific valuation rules for works contracts, money changing, and catering services, along with the implications of exemption notifications and compounding schemes.